Though Cheong remains mixed on the company’s outlook amid the market uncertainties, he notes that it has four new “promising” customers, of which two will start contributing in the 2HFY2024.
Analysts are upbeat on Valuetronics (SGX:BN2
) ’ prospects after the company’s earnings for the 1HFY2024 ended Sept 30stood above their expectations. For the six-month period, Valuetronics’s earnings came in at HK$82.1 million ($14.3 million), 42% higher y-o-y.
UOB Kay Hian analyst John Cheong has upgraded his call on the stock to “buy” as Valuetronics’ 1HFY2024 earnings made up 61% of his full-year estimates.
